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- cross-posted to:
- [email protected]
- politics
The U.S. Treasury Department said on Sunday it would not enforce an anti-money laundering law that obliges millions of business entities to disclose the identities of their real beneficial owners.
Remarkable timing there… I’m sure it’s purely a coincidence that this new EO slipped in right before Trump announced his strategic cryptocurrency reserve today after ripping off his supporters to the tune of $12 billion with his pump & dump Trump coin.
“Treasury takes this step in the interest of supporting hard-working American taxpayers and small businesses…”
1984 has come and gone, and America is now officially for sale.
Cool cool cool.
So:
The only people that this lack of enforcement will benefit are literal criminals who wish to make their dirty money legitimate.
I think typically step 2 comes before step 1.
Typically, yes. But court precedent has shown that corporations can commit crimes and all they’d need to do is pay a fine.